Erik Voorhees Launches First iOS Bitcoin Trading App Bitcoin Core has made significant progress over the past few weeks in creating a more viable atmosphere to communicate with the bitcoin community.
Core has successfully completed the launch of BitcoinCore.org to introduce updates of Bitcoin Core , the adoption rate of Bitcoin Improvement Proposals with a list of companies and their progress in integrating mechanisms such as Segregated Witness, which was proposed by Pieter Wuille at the Hong Kong Scaling Workshop in December, 2015. Core has also created a Twitter account to provide an official feed of Bitcoin Core and has set up a Slack chat group for bitcoin enthusiasts to arrange a variety of discussions.
To maintain the momentum of Core’s improvement on communicating with the community, Shapeshift CEO Erik Voorhees has suggested two proposals which could end the civil war between Bitcoin developers and the community.
Adam Back’s 2-4-8
Bitcoin Core developers and Onename co-founder Ryan Shea recently announced their plans to prepare for a hard fork which would put Adam Back’s 2-4-8 proposal into place alongside Segregated Witness.
“At the same time, it is important that we push for an increase that is as big as we can safely handle, and we believe that Adam Back’s 2–4–8 proposal that scales the block size to 4MB after 2 years and then to 8MB after 4 years is the plan of action that is the most ambitious while still being safe,” wrote Shea.
He further emphasized that by allowing non-fully-validating nodes to ignore half of the data, it would alleviate the pressure on nodes.
“In addition, it seems we can do even better in terms of performance by sticking with 2–4–8 but allowing non-fully-validating nodes to ignore approximately half of this data. This would be a big improvement that would alleviate the pressure […]
